Ukraine Securities Regulators Participate at the SEC International Institute 

The FMI/USAID Ukraine Capital Markets Project provided support and sponsorship for a delegation of senior officials from the Securities and Stock Market State Commission of Ukraine (SSMSC) to participate at the U.S. Securities and Exchange Commission’s (SEC) annual International Institute for Securities Market Development in Washington D.C., April 7–17, 2008.  The Institute is the SEC’s flagship global training program which brings together senior-level securities regulators from emerging markets and U.S. regulators and securities markets professionals. 

The delegation included SSMSC Commissioners, Chief of Staff, and Department Heads, as well as other Government of Ukraine representatives, and USAID and Capital Markets Project personnel.  A total of seventeen members, and the largest delegation ever of non-English speakers to attend the Institute.

They participated in a series of SEC lectures, panels, and workshops on the core topics of securities regulation: insider trading, market manipulation, corporate governance, disclosure, inspections and compliance, and other market development/enforcement issues.  This included a lecture by Robert Strahota, FMI adviser to the Capital Markets Project and former-SEC Assistant Director of the Office of International Affairs, who is well-known to the SSMSC.

Members of the delegation also attended a formal reception hosted by FMI, at Union Station in Washington D.C., which brought together officials from USAID, World Bank, SEC, and other donor institutions, and FMI leadership and staff.  

SEC Chairman Christopher Cox made the Institute’s closing remarks and presented all attendees with Certificates.  The participation of the SSMSC delegation at the Institute is part of a partnership between USAID, SEC, the World Bank, SSMSC, and the FMI/USAID Capital Markets Project, to strengthen the regulation and operation of Ukraine’ securities markets.

FMI has worked continuously in Ukraine since 1996, implementing a series of capital markets development projects for USAID.  For more information securities market reform in Ukraine, go to the FMI/USAID Ukraine Capital Markets website http://www.capitalmarkets.kiev.ua.